| Sumario: | This article presents a review about the IS - LM and the Solow models. The IS- LM model is based on the Keynesian epistemology, which presents the argument supporting that the more public spending we have, the level of economic growth of a country increases, an argument refuted by Austrians. Although the Solow model is criticized by using the microeconomic function in order to explain more complex macroeconomic phenomena. Likewise, for being useful to understand the economic processes during the industrial era, and during the currentera of knowledge. On this regard, being useful to developed countries, and not to the developing ones.
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